Tokuyama Corp (NASDAQ:TKYMY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

According to Zacks, “Tokuyama Corporation manufactures and sells chemicals, specialty products, cement and functional materials. Chemicals segment offers soda ash, caustic soda, calcium chloride, silicate soda, vinyl chloride resin, propylene oxide, isopropyl alcohol and methylene chloride. Specialty Products segment offers multicrystalline silicon, wet silica, metal cleaning chemicals, high-purity chemicals for electronic industry, environmental-related equipment and others. Cement segment offers portland cement, ready-mixed concrete and cementitious solidified materials. Life Amenity segment offers polypropylene film, resin sashes and others. Tokuyama Corporation is based in Chiyoda-Ku, Japan. “

Shares of Tokuyama Corp (NASDAQ:TKYMY) opened at 37.30 on Tuesday. The company has a market capitalization of $1.62 billion and a PE ratio of 6.06. Tokuyama Corp has a 52-week low of $29.42 and a 52-week high of $37.62. The firm’s 50-day moving average price is $34.38 and its 200 day moving average price is $27.93.

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